News · Mobility & Logistics
Ola Electric puts ₹2,000 crore into its units
By Startup Enthusiast ·
- Date
- Company
- Ola Electric
- What it does
- Electric scooters and battery cells
- Kind
- News
- Amount
- ₹2,000 Cr
- Based in
- Bengaluru
- Sector
- Mobility & Logistics
What they do
Ola Electric runs its scooter business and its cell factory through two fully owned subsidiaries
What happened
In May 2026 its board approved ₹1,500 crore for Ola Electric Technologies and ₹500 crore for Ola Cell Technologies
Why it matters
The money, invested through convertible preference shares, backs local manufacturing as the company works to improve profits
The details
- Ola Electric's board approved ₹2,000 crore for its subsidiaries in May 2026.
- ₹1,500 crore goes to Ola Electric Technologies, the vehicle arm.
- ₹500 crore goes to Ola Cell Technologies, the battery arm.
- The money is invested through compulsorily convertible preference shares.
- It is for general business requirements.
The bigger picture
- Ola is doubling down on localisation of parts and cells.
- It faced pressure over profits and market share.
- Rivals were gaining ground in electric two-wheelers.
About the business
- Ola's vehicle arm makes scooters and motorcycles.
- Its cell arm runs the gigafactory.
- The parent is listed.
Other articles talking about it
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- Ola Electric flags second suspected employee fraud9 September 2026 · News
- Ola Electric launches dealer stores and S1Z scooter4 September 2026 · Launch
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- Ola Electric gets ₹95.81 Cr PLI incentive for FY2729 August 2026 · Policy · ₹95.81 Cr
- Ola Electric launches new home battery products21 August 2026 · Launch
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